Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
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$FNMA #FANNIEGATE -2daysoldoops

Freddie Mac delivered its Reply (Doc. 18) in support of its motion (Doc. 13) for more time to respond to Mr. Pagliara's complaint to the U.S> District Court for the Eastern District of Virginia today.  Following receipt of Freddie Mac's Reply:

(A) Magistrate Anderson entered an Order (Doc. 19) extending Freddie Mac's time to respond to Mr. Pagliara's complaint; and

(B) Judge Cacheris entered an Order (Doc. 20):

(1) granting the parties' Joint Motion (Doc. 17) to extend the briefing schedule;

(2) directing Mr. Pagliara to file his brief opposing a stay of this case by Apr. 20; and

(3) directing Freddie Mac (and, presumably, FHFA) to file their brief in support of a stay and in support of substitution by Apr. 29.

Copies of the the three relevant documents docketed today in Virginia are attached to this e-mail message.16-00337-002016-00337-001816-00337-0019

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Disclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.